China's benchmark stock market slid 8.5 percent on
Monday, suffering its biggest daily loss since 2007,indicating that there is seemingly no reprieve to the violent selling rocking the country's equities.
A sharp fall in commodity prices, weak Chinese economic data and concerns that Beijing may be reluctant to dole out further measures to support beaten-up shares all contributed to the sell-off,
analysts said. Data released earlier on Monday showed China's industrial profits declined 0.3 percent year-on-year in June, compared with a 0.6 percent rise in May.
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